Derbyshire is experiencing a ‘mini boom’ with house prices rising at one of the fastest rates in the UK.

According to property website Rightmove, asking prices in the county have jumped by 7.9% in the past year - more than double the national average, which is 3.1%. The only other area to experience higher growth was Northamptonshire (9.1%).

Rightmove said that property prices in general across the middle of England had risen - and it is all down to what has happened with property prices in London.

According to the firm, to many people prices in the capital have become too expensive. This has led them to buy properties further away from London, with good commuting links to the capital.

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In Derbyshire it is £200,000 - less than a third of the average London price.

Miles Shipside, Rightmove director and housing market analyst, said property investors were turning their attention to the Midlands from London to get better returns.

London is just 90 minutes from Derby by train

He said: “With a shortage of suitable choice in many parts of the country, buyers are becoming increasingly adept at hunting down property that fits their budget. High demand and limited supply are still driving momentum, especially in the counties in the middle of the country.”

In terms of house prices month-by-month, Rightmove said some of the heat was starting to come out of the market.

At £313,663 in August, the average price tag on a home across England and Wales fell by 0.9% or £2,758 month-on-month.

Rightmove said the monthly fall is in line with trends usually seen during late summer, when potential buyers and sellers are distracted by holidays.

Rightmove said that people are hunting out places where property is cheaper

Mr Shipside said: “With newly-marketed property seeing a monthly fall of 0.9% and a muted yearly rise of just 3.1%, the heat has come off much of the market.

“A combination of traditional summertime price blues and the chill of uncertainty in the air has cooled price growth in some parts of the country, and affordability also remains very stretched.